72 Days
Source:
الاقتصادية
Central banks boost gold holdings despite rates
Central banks increased their gold reserves by approximately 41 tons in May, as some countries like Poland, China, Uzbekistan, and Kazakhstan continued buying despite falling gold prices driven by a strong dollar and expectations of a U.S. interest rate hike. Since the beginning of the year, Poland's purchases have totaled 64 tons, while China added 10 tons, marking the highest monthly increase since December 2024. Nevertheless, some banks, such as Russia and Turkey, continued selling during the same period.
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